STR Reports US Hotel Occupancy Up for Week Ending August 2, 2014
Occupancy Up 4.5% to 76.3% and ADR Up 6.2% to US$118.70
Of the Top 25 Markets, 15 reported double-digit RevPAR growth for the week, six of which reported increases of more than 20.0 percent, including: San Francisco/San Mateo, California (+27.9 percent to US$223.86); St. Louis, Missouri-Illinois (+27.4 percent to US$77.12); Seattle, Washington (+23.7 percent to US$161.00); Washington, D.C. (+21.5 percent to US$109.77); Orlando, Florida (+20.8 percent to US$78.86); and Boston, Massachusetts (+20.1 percent to US$173.92). Houston, Texas, fell 3.0 percent to US$74.72, reporting the only RevPAR decrease.
Washington, D.C., achieved the largest occupancy increase, rising 13.2 percent to 82.0 percent. Orlando followed with a 12.1-percent increase to 81.3 percent. Anaheim/Santa Ana, California, fell 1.2 percent in occupancy to 91.6 percent, posting the largest decrease in that metric.
Seven top markets experienced double-digit ADR increases. San Francisco/San Mateo reported the largest increase, rising 20.7 percent to US$230.62, followed by Seattle (+18.4 percent to US$169.26); St. Louis (+14.5 percent to US$100.83) and Nashville, Tennessee (+14.0 percent to US$113.12). Houston fell 3.6 percent to US$101.08, reporting the only ADR increase for the week.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 16 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.